NEW THEORY OF FOREIGN DIRECT INVESTMENT: NEW EVIDENCE FROM VIETNAM

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Số: Tập 11 Số 8 (2013)

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KINH TẾ XÃ HỘI VÀ PHÁT TRIỂN NÔNG THÔN

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Chi Cuong , H., Van Tho , T., & My, N. (2024). NEW THEORY OF FOREIGN DIRECT INVESTMENT: NEW EVIDENCE FROM VIETNAM. Tạp Chí Khoa học Nông nghiệp Việt Nam, 11(8), 1181–1196. https://vie.vjas.vn/index.php/vjasvn/article/view/81

NEW THEORY OF FOREIGN DIRECT INVESTMENT: NEW EVIDENCE FROM VIETNAM

Hoang Chi Cuong 1, 2, 3, 4, 5 , Tran Van Tho 1 , Nguyen Thi Ngoc My 2

  • 1 Waseda University, Tokyo, Japan
  • 2 Hai Phong Private University, Hai Phong, Vietnam
  • 3 GSAPS, WasedaUniversity, Tokyo, Japan, Doctoral Candidate
  • 4 Graduate School of Asia - Pacific Studies, Waseda University, Tokyo, Japan
  • 5 Graduate school of Asia - Pacific Studies

    • Từ khóa

    FDI, gravity model, Hausman-Taylor estimator, Vietnam

    Tóm tắt


    Foreign direct investment (FDI) has become more important for the development process of Vietnam. Over the two decades since the start of renovation policy in 1986, the country has attracted a large amount of FDI capital reaching up to USD 229,913.7 million. This study employedgravity model and the Hausman-Taylor estimator to investigate whether or not the index of countries’ similarity in size induces FDI inflows into Vietnam in the period from 1995 to 2011. This concern hasnot been mentioned on the case of Vietnamelsewhere. The empirical results indicatedthat the index strongly promotes FDI inflows into Vietnam. In other words, Vietnam tends to receive more FDI capital from counterparts that are “similar in terms of endowments and technology levels”. The main finding presented in this research supports the New Theory of FDI in selected emerging economies.

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